FINANCIAL PLUS CREDIT UNION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- FINANCIAL PLUS CREDIT UNION (EIN 36-2282191)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-05-15
- IRS object ID
- 201221369349305312
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-15T13:29:00-07:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 362282191 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FINANCIAL PLUS CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | FINA | NameControl |
| Phone | 8154331496 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 CHESTNUT STREET | AddressLine1 |
| City | OTTAWA | City |
| State | IL | State |
| ZIP Code | 61350 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOHN TEAUSANT | Name |
| Title | PRESIDENT - CEO | Title |
| Phone | 8154331496 | Phone |
| Date Signed | 2012-05-14 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FINANCIAL PLUS CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JOHN TEAUSANT | NameOfPrincipalOfficerPerson |
| Gross Receipts | 10772995 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| All Affiliates Included | true | AllAffiliatesIncluded |
| Organization501c | X | Organization501c |
| Web Site | WWW.FINANCIALPLUS.ORG | WebSite |
| Type Of Organization Other | X | TypeOfOrganizationOther |
| Type Of Org Other Description | COOPERATIVE | TypeOfOrgOtherDescription |
| Year Formation | 1951 | YearFormation |
| State Legal Domicile | IL | StateLegalDomicile |
| Activity Or Mission Description | TO ASSIAT OUR MEMBERS IN THE MANAGEMENT OF THEIR FINANCIAL WELL-BEING BY PROVIDING LOANS SAVINGS ACCOUNTS AND OTHER FINANCIAL INSTITUTION SERVICES IN A FRIENDLY AND PROFESSIONAL MANNER. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 7 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 5 | NbrIndependentVotingMembers |
| Total Nbr Employees | 72 | TotalNbrEmployees |
| Total Nbr Volunteers | 9 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 10546819 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 10539370 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 322754 | InvestmentIncomePriorYear |
| Investment Income Current Year | 233625 | InvestmentIncomeCurrentYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 10869573 | TotalRevenuePriorYear |
| Total Revenue Current Year | 10772995 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 3168142 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 3327786 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 5987754 | OtherExpensePriorYear |
| Other Expenses Current Year | 5563099 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 9155896 | TotalExpensesPriorYear |
| Total Expenses Current Year | 8890885 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1713677 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1882110 | RevenuesLessExpensesCY |
| Total Assets BOY | 175451949 | TotalAssetsBOY |
| Total Assets EOY | 192552938 | TotalAssetsEOY |
| Total Liabilities BOY | 151826312 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 166672061 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 23625637 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 25880877 | NetAssetsOrFundBalancesEOY |
| Mission Description | EXCEPTIONAL SERVICE TO MEMBERS | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Description | PROVIDED 5483 NEW LOANS TO MEMBERS DURING 2011 TOTALING 66878687. THIS INCLUDES REAL ESTATE HOME EQUITY AND CONSUMER LOANS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PROVIDED 12604 SHARE DRAFT CHECKING ACCOUNTS WITH RELATED SERVICES TO MEMBERS. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PROVIDED 5091 MEMBERS WITH VISA CREDIT CARDS. THE REVOLVING LINES OF CREDIT ON THESE CARDS TOTAL 18024734. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | false | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 6297 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 72 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 7 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 5 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | true | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | false | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | false | ConflictOfInterestPolicy |
| Whistleblower Policy | false | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | PETER FAUTH | NamePerson |
| Telephone Number | 8154331496 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 CHESTNUT STREET | AddressLine1 |
| City | OTTAWA | City |
| State | IL | State |
| ZIP Code | 61350 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (12 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| LEROY JENKINS | ||||||
| BOARD CHAIR | 2 | X | 0 | 0 | 0 | |
| PAUL SWEEDEN | ||||||
| VICE CHAIR | 2 | X | 0 | 0 | 0 | |
| WILLIAM MUCCI | ||||||
| BOARD SECRETARY | 2 | X | 0 | 0 | 0 | |
| GILBERT MEYER | ||||||
| BOARD TREASURER | 2 | X | 0 | 0 | 0 | |
| DOMINIC PRECI | ||||||
| SUPERVISORY COMMITTEE CHAIR | 2 | X | 0 | 0 | 0 | |
| ROBERT MARSHALL | ||||||
| SUPERVISORY COMMITTEE MEMBER | 2 | X | 0 | 0 | 0 | |
| ANTHONY QUIGLEY | ||||||
| SUPERVISORY COMMITTEE MEMBER | 2 | X | 0 | 0 | 0 | |
| JACK TEAUSANT | ||||||
| PRESIDENT - CEO | 40 | 225223 | 0 | 18586 | X | |
| TIM O'DONNELL | ||||||
| SR. VICE PRESIDENT | 40 | 132314 | 0 | 15135 | X | |
| SANDY BURKART | ||||||
| VICE PRESIDENT | 40 | 102670 | 0 | 14041 | X | |
| BETTY FREY | ||||||
| VICE PRESIDENT - COO | 40 | 105405 | 0 | 14148 | X | |
| PETER FAUTH | ||||||
| VICE PRESIDENT - CFO | 40 | 102283 | 0 | 14023 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 667895 | TotalReportableCompFromOrg |
| Total Other Compensation | 75933 | TotalOtherCompensation |
| Number Individuals GT100 K | 5 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| LKCS INC | |||||
| 4130 PLANK ROAD | PERU | IL | 61354 | MARKETING AND STATEMENT PROCESSING | 293024 |
| BLUE CROSS BLUE SHIELD | |||||
| PO BOX 1186 | CHICAGO | ID | 60690 | EMPLOYEE HEALTH INSURANCE | 288117 |
| INTUIT FINANCIAL SERVICES INC | |||||
| PO BOX 515306 | LOS ANGELES | CA | 90051 | INTERNET BANKING PROVIDER | 201763 |
| FISERV INC | |||||
| 75 REMITTANCE DR | CHICAGO | ID | 60675 | DATA PROCESSING SYSTEMS | 178391 |
| ROUTE 66 | |||||
| PO BOX 1075 | MOUNTAIN HOME | AR | 72654 | MAINTENANCE WARRANTY INSURANCE PROVIDER | 119410 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 6 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| INTEREST ON LOANS | 522291 | 7421497 | 7421497 |
| SHARE DRAFTS DEBIT-ATM INCOME | 522130 | 2221252 | 2221252 |
| VISA CREDIT CARD INCOME | 522210 | 379259 | 379259 |
| OTHER LOAN INCOME | 522291 | 376726 | 376726 |
| ACCIDENTAL DEATH INSURANCE REIMBURSEMENT | 524290 | 30629 | 30629 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 110007 | TotalRevenueColumn |
| Related Or Exempt Function Income | 110007 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 10539370 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 233625 | TotalRevenueColumn |
| Related Or Exempt Function Income | 233625 | RelatedOrExemptFunctionIncome |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 10772995 | TotalRevenueColumn |
| Related Or Exempt Function Income | 10772995 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 743828 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1847534 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 256721 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 324227 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 155476 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3503 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 29650 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 291489 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 506077 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 324463 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 365002 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 65939 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 28769 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 413121 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 447468 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| DIVIDENDS PAID ON SHARES | 1378189 |
| VISA LOAN AND COLLECTIONS EXPENSES | 309740 |
| SHARE DRAFT DEBIT AND ATM EXPENSES | 544487 |
| PROVISION FOR LOAN LOSSES | 455789 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 399413 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8890885 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3245941 | BOY |
| EOY | 2894638 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38054813 | BOY |
| EOY | 23407477 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 123702904 | BOY |
| EOY | 132799212 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 231233 | BOY |
| EOY | 2485288 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 7389135 | LandBuildingsEquipmentBasis |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7491765 | BOY |
| EOY | 7389135 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 19973912 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2725293 | BOY |
| EOY | 3603276 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 175451949 | BOY |
| EOY | 192552938 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1511601 | BOY |
| EOY | 1616399 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 150314711 | BOY |
| EOY | 165055662 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 151826312 | BOY |
| EOY | 166672061 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23625637 | BOY |
| EOY | 25880877 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23625637 | BOY |
| EOY | 25880877 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 175451949 | BOY |
| EOY | 192552938 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 1882110 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 373130 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | false | FSAudited |
| Audit Committee | false | AuditCommittee |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
| Federal Grant Audit Performed | false | FederalGrantAuditPerformed |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2060818 | OtherCostOrOtherBasis |
| Book Value | 2060818 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4650265 | OtherCostOrOtherBasis |
| Book Value | 4650265 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 678052 | OtherCostOrOtherBasis |
| Book Value | 678052 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 7389135 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MEMBER SHARES | Description |
| Amount | $165,055,662 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 165055662 | TotalOfAmounts |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
| Rebuttable Presumption Procedure | false | RebuttablePresumptionProcedure |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JACK TEAUSANT | NamePerson |
| Base Compensation Filing Org | 168678 | BaseCompensationFilingOrg |
| Bonus Filing Org | 47736 | BonusFilingOrg |
| Other Compensation Filing Org | 8809 | OtherCompensationFilingOrg |
| Deferred Comp Filing Org | 18586 | DeferredCompFilingOrg |
| Total Compensation Filing Org | 243809 | TotalCompensationFilingOrg |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | PART VI SEC. A 2 - JACK TEAUSANT AND SANDY BURKART - FAMILY RELATIONSHIP. PART VI SEC. B 15AB - ALL EMPLOYEES INCLUDING OFFICERS GOT THOUGH AN ANNUAL PERFORMANCE EVALUATION PROCESS AND ARE GIVEN SALARY INCREASE CONSIDERATION BASED ON PERFORMANCE. SALARY LEVELS ARE GAUGED VIA INDEPENDENT PUBLISHED COMPENSATION SURVEYS. PART VI SEC. C. 19 - FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. ANNUAL REPORTS INCLUDING YEAR END FINANCIAL STATEMENTS AND A REPORT OF THE DIRECTORS ARE AVAILABLE IN OUR OFFICES AND ON OUR WEBSITE. PART VI SEC. A. 11 - 990 IS PREPARED BY CFO AND REVIEWED WITH OFFICERS BOARD OF DIRECTORS AND EXTERNAL AUDITORS. PART XI - RECONCILIATION OF NET ASSETS 5 - OTHER CHANGES IN NET ASSETS LASALLE COUNTY SCHOOL EMPLOYEES CREDIT UNION WAS MERGED INTO FINANCIAL PLUS CREDIT UNION EFFECTIVE NOV. 1 2011. LCSECU REGULAR RESERVES AND RETAINED EARNINGS OF 358541 WERE ADDED TO OUR RESERVES AT THAT TIME. ADDITIONALLY 14589 OF UNREALIZED GAIN ON INVESTMENTS ARE INCLUDED IN 2011. THESE TWO ADJUSTMENTS (35854114589) EXPLAIN THE 373130 IN ADDITIONS TO NET ASSETS REPORTED. | Explanation |